By Stephen Foster on April 23, 2012
That annual entertainment ‘the battle of Sir Martin’s money’ is on its way with WPP boss Sir Martin Sorrell’s base pay set to rise from £1m to £1.25m which, in turn, will trigger much larger bonuses as these are based (via a number of obscure formulae) on base pay. WPP is due to report its [...]
Posted in Agencies, Finance, News, Research | Tagged aegis, bonus, Eric Schmidt, first quarter results, google, Interpublic, ipsos, John Wren, kantar, Larry Page, Mark Read, Michael Roth, omnicom, pay rise, salary, Sir Martin Sorrell, synovate, tns sofres, WPP
By Stuart Smith on March 1, 2012
Chief executive Sir Martin Sorrell was in feisty form as he reported the best set of financial performance figures in years at the world’s largest marketing services company by revenue (full results here). The WPP growth engine is, apparently, firing on all six cylinders: billings, revenue, earnings per share, pre-tax profit, organic growth (or like-for-like [...]
Posted in Agencies, Clients, Finance, Media, News | Tagged 2011 results, bonus, coca-cola, Interpublic, olympics, PepsiCo, procter & gamble, quadrennial effect, Sir Martin Sorrell, WPP, £1bn profit
By Stephen Foster on February 27, 2012
On the face of it, yes, if WPP delivers £1.4bn profits (as expected) when it announces its 2011 results on Thursday. In 2010 WPP made £851m so the pocket tycoon must have been doing something right. Sir Martin Sorrell’s basic pay is expected to rise from £1m (where it has languished for a decade) to [...]
Posted in Agencies, Clients, Finance, News, Research | Tagged 2012 results, Andrew Robertson, banker bashing, bonus, Eric Salama, John Wren, kantar, Mark Read, Maurice Levy, news corporation, omnicom, pay rise, publicis groupe, Sir Martin Sorrell, tns sofres, Vodafone, WPP
By Stephen Foster on January 30, 2012
Well maybe not Labour leader Ed Miliband although it’s surprising that no-one has reminded him yet that RBS boss Stephen Hester’s generous deal at the nearly-nationalised bank was struck by former Labour PM Gordon Brown and chancellor Alistair Darling. And that it was Labour that decided that some public sector ‘workers’, like GPs and hospital [...]
Posted in Media, News, Politics, PR | Tagged Alistair Darling, bankers, bonus, coalition government, David Cameron, Ed Miliband, George Osborne, Gordon Brown, hunting pinks, Labour, pr disaster, RBS, Stephen Hester, Vince Cable
By Stuart Smith on December 19, 2011
For Maurice Lévy (pictured) and Sir Martin Sorrell – a pair who love to loathe each other – politics is clearly a continuation of war by other means. By now, we’re all familiar with the WPP chief executive’s increasingly assured role as a political and economic soothsayer. He’s forever popping up on the Today programme; [...]
Posted in Agencies, Finance, News, Politics | Tagged afep, any questions, Arthur Sadoun, association francaises des enterprises privees, bonus, cac 40, cbi, desert island discs, euro, lion lead, Maurice Levy, nicolas sarkozy, Sir Martin Sorrell, succession plan, Warren Buffet
By Stephen Foster on September 23, 2011
Strange to say, he probably does when you consider that his basic pay (£1m) hasn’t risen since 2007 and WPP, the company he founded and runs, has ridden out the volatile past few years pretty capably. WPP’s board level remuneration committee wants to increase CEO Sir Martin Sorrell’s base pay to £1.5m, a move which [...]
Posted in Agencies, Finance, News | Tagged bonus, brazil, brics, China, digital, India, malaysia, Mark Read, Microsoft, next 11, pay rise, remuneration committee, retirement, russia, share price performance, Sir Martin Sorrell, Steve Ballmer, vietnam, WPP
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